The post Nvidia Shares Fall 7% In Premarket After It Discloses New U.S. Restrictions On AI Chip Exports To China appeared on BitcoinEthereumNews.com.

Topline Nvidia’s shares fell sharply in premarket trading early on Wednesday, after the company disclosed that the Trump administration has moved to restrict the company from selling its H20 AI chips to China, just weeks after the chipmaker’s billionaire founder and CEO attended a fundraising dinner at President Donald Trump’s Mar-A-Lago residence to purportedly fend off such a move. Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show (CES) in Las … More Vegas, Nevada. AFP via Getty Images Key Facts In a filing with the SEC on Tuesday night, the chipmaker said the U.S. government has informed the company that it will require a special license to export its H20 AI chips to “China (including Hong Kong and Macau),” or to companies headquartered in the country. The H20 is a cut-down version of Nvidia’s more advanced AI chips, which were specifically designed to comply with earlier restrictions on exporting the company’s top semiconductors to China. The U.S. government informed Nvidia that the licensing requirement for H20 exports to China will be in place “for the indefinite future,” and the rules aim to address “the risk that the covered products may be used in, or diverted to, a supercomputer in China.” The company said it expects to take a $5.5 billion hit in its first quarter results for its 2026 fiscal year. Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here. How Has Nvidia’s Stock Been Impacted? Nvidia’s share price fell to $104.32, down more than 7% in premarket trading early on Wednesday. The slide follows an already difficult start to the year for the world’s most valuable chipmaker, whose shares have fallen 16.45%…

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Filed under: News - @ April 16, 2025 8:22 am